Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) Short Interest Up 1,003.8% in June

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 3,786 shares, a growth of 1,003.8% from the May 31st total of 343 shares. Based on an average daily volume of 22,240 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Ellomay Capital Price Performance

Shares of NYSEAMERICAN:ELLO opened at $19.20 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 3.62. The firm has a market capitalization of $264.58 million, a PE ratio of -11.16 and a beta of 0.94. Ellomay Capital has a twelve month low of $15.40 and a twelve month high of $30.34. The company has a 50-day moving average price of $22.99 and a two-hundred day moving average price of $24.66.

Ellomay Capital (NYSEAMERICAN:ELLO) last posted its earnings results on Saturday, May 16th. The utilities provider reported ($0.88) earnings per share for the quarter. The company had revenue of $10.03 million for the quarter. Ellomay Capital had a negative net margin of 45.04% and a negative return on equity of 12.39%.

Institutional Trading of Ellomay Capital

Several institutional investors and hedge funds have recently modified their holdings of ELLO. Menora Mivtachim Holdings LTD. purchased a new stake in shares of Ellomay Capital during the 3rd quarter valued at $17,019,000. Yelin Lapidot Holdings Management Ltd. grew its position in Ellomay Capital by 75.5% in the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 193,565 shares of the utilities provider’s stock worth $4,704,000 after acquiring an additional 83,300 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in Ellomay Capital by 4.6% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,594,224 shares of the utilities provider’s stock valued at $28,276,000 after acquiring an additional 70,180 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Ellomay Capital by 39.6% in the third quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider’s stock valued at $65,000 after acquiring an additional 1,021 shares during the last quarter. Hedge funds and other institutional investors own 27.54% of the company’s stock.

Ellomay Capital Company Profile

Ellomay Capital Ltd. is an Israel-based investment company specializing in the acquisition, financing, development and operation of renewable energy and related infrastructure assets. Founded in 2014 and traded on the NYSE American under the ticker ELLO, Ellomay focuses on building a diversified portfolio of solar photovoltaic (PV) projects and specialty infrastructure businesses that generate stable, long-term cash flows under government-backed tariffs and concession agreements.

The company’s core activities center on ground-mounted solar PV installations in Italy, where its operating portfolio comprises multiple medium-sized projects secured under feed-in-tariff regimes.